Commerce Bancshares Stock Forecast
Commerce Bancshares stock price ended at $51.23 on Monday, after losing 0.350%.
(Updated on Apr 15, 2024)
The Commerce Bancshares stock price fell by -0.350% on the last day (Monday, 15th Apr 2024) from $51.41 to $51.23. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.76% from a day low at $50.92 to a day high of $52.32. The price has fallen in 6 of the last 10 days and is down by -2.29% for this period. Volume has increased on the last day by 264 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 575 thousand shares were bought and sold for approximately $29.48 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Commerce Bancshares stock with a 90% probability to be traded between $48.92 and $53.65 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
CBSH Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Commerce Bancshares stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $52.45 and $52.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -5.13%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Commerce Bancshares stock
Commerce Bancshares finds support from accumulated volume at $50.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.41 (2.76%) between high and low. For the last week, the stock has had daily average volatility of 2.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CBSH) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Commerce Bancshares to open at $51.49, and during the day (based on 14 day Average True Range), to move between $50.06 and $52.40, which gives a possible trading interval of +/-$1.17 (+/-2.28%) up or down from last closing price. If Commerce Bancshares takes out the full calculated possible swing range there will be an estimated 4.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $50.90 (0.64%) than the resistance at $51.81 (1.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Commerce Bancshares will release earnings BMO on Tuesday, April 16, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.80. We will update the financials statements for Commerce Bancshares, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.05% in the first trading day after earnings release.
Is Commerce Bancshares stock A Buy?
Commerce Bancshares holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.272 Sell Candidate Unchanged
Predicted Opening Price for Commerce Bancshares of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $51.49 ( 0.504%) | $51.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CBSH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.89 | 3.25 % | |
| R2 | 52.36 | 2.20 % | ||
| R1 | 52.03 | 1.55 % | ||
| Current price: | 51.23 | |||
| Support | S1 | 50.95 | -0.543 % | |
| S2 | 50.62 | -1.19 % | ||
| S3 | 50.08 | -2.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.00 | 3.46 % | |
| R2 | 52.56 | 2.60 % | ||
| R1 | 51.81 | 1.13 % | ||
| Current price | 51.23 | |||
| Support | S1 | 50.90 | -0.644% | |
| S2 | 50.68 | -1.07% | ||
| S3 | 50.09 | -2.23% |
CBSH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 02, 2024 | Mar 06, 2024 | Mar 25, 2024 | $0.270 | 0.525% |
| 2 | Oct 27, 2023 | Dec 04, 2023 | Dec 18, 2023 | $0.270 | 0.499% |
| 3 | Oct 27, 2023 | Dec 01, 2023 | Dec 18, 2023 | $0.270 | 0.499% |
| 4 | Jul 28, 2023 | Sep 05, 2023 | Sep 25, 2023 | $0.270 | 0.593% |
| 5 | Apr 19, 2023 | Jun 02, 2023 | Jun 20, 2023 | $0.270 | 0.586% |
FAQ
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